GST overhaul: Rs 1.1 trillion worth revenue might be lost; UBS says fiscal cost manageable
The fiscal cost of the government’s proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, with an estimated revenue loss of Rs 1.1 trillion annually or 0.3% of the GDP, a UBS report said.For the financial year 2026, the firm expected the shortfall of Rs 430 billion, or 0.12% of GDP, that could…